Threadneedle Latin America C1

  • 196.34p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 3.75% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.50%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.75%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 22 September 2020, fund data last updated 07 July 2011

The portfolio aims to take advantage of opportunities throughout the economic cycle by investing in equities across Latin America. The investment process incorporates company analysis and valuation as well as judgements about sectors. The fund invests mainly in large and mid sized companies, predominantly those based in Brazil and Mexico as they dominate its investment universe.

Fund summary

Sector Specialist
Structure OEIC
Launched
Size £273m
Yield 1.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 3.75%
Initial charge via Bestinvest 0.00%
Annual management charge 1.50%
Ongoing charges figure 1.75%

Allocation

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Investment process

The fund’s investment universe comprises around 130 stocks. These are principally taken from the MSCI Latin American 10/40 index, but off benchmark stocks may also be included, often companies with Latin American assets that are listed elsewhere. This number is reduced to around 95 that the team formally cover by screens for liquidity, transparency and size. The investment process begins with allocation of capital by sector to reflect the team's economic assumptions and investment strategy. They then aim to pick the best companies in each sector. The central feature of stock selection is Return on Capital Employed (ROCE). This is because the manager believes that historically the cost of capital within the region has been very high, so identifying companies that are creating shareholder value is key. The team create financial models for all companies covered, as well as carrying out around 200 company meetings a year.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Financials 18.00%
Consumer Discretionary 16.00%
Information Technology 13.00%
Materials 12.00%
Consumer Staples 12.00%
Energy 6.00%
Industrials 5.00%
Health Care 5.00%
Communications 4.00%
Cash & Cash Equivalents 4.00%

Portfolio

Approximately 40-60 holdings.

Key Investor Information

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